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Thursday, 20 October 11
CAPESIZES, SUPRAMAXES LEAD GAINS FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Struggling to find additional support, but still managing to post gains, the dry bulk market has stabilized itself on higher levels again yesterday, with the industry’s benchmark, the BDI (Baltic Dry Index) ending the session at 2,140 points, up by 0.19%.Capesizes led the market, with gains of 0.64% to 3.473 points for the Baltic Capesize Index (BCI), while supramax carriers were also on a high note, ending up by 0.31% to 1,612 points. By contrast, a relative weakness was evident in the Panamax segment of the market, with the BPI retreating by 0.62% to 2,086 points. It seems though that the market has finally retrieved its lost modus operandi, when amid the crisis, panamaxes were steadily earning more than the larger Capesizes.
Commenting on the Capesize market, shipbroker Shiptrade Services said that “in the Atlantic basin the fronthaul trade experience the higher increase, as rates pushed higher USD 2 pmt on the Tubarao/Qingdao trade, and eventually concluded at USD 28.80 pmt. Rates for Transatlantic rounds concluded at USD 36.000per day, while for trips to F.East, levels concluded at USD 51.000per day. Activity in the Pacific basin remained at good levels, as we could see cargoes ex Australia, India, S.Africa and Indonesia. Rates for Pacific round concluded at USD 30.000 per day basis N.China delivery, while on the Australia/China trade, about 15 vessels got covered at levels fluctuating between USD 11.25 – 12.75pmt” said Shiptrade.
Regarding the Panamax market it said that it continued to firm in both the Atlantic and Pacific. In the Atlantic basin, the USG market still remained the driving force, especially for the Fronthaul cargoes with fixtures reported at USD 27.000+700.000 GBB basis APS USG. There were not so many enquiries for Transatlantic round but still rates managed to increase. At week’s closing, rates concluded at USD 17-18.000per day.
Activity in the Pacific was also good as there were many coal parcels ex Indonesia and Australia, and many enquiries from NOPAC. At week’s closing, rates for S.China/S.E.Asia positions interested for Indonesia round, concluded at USD 16.000per day. Positions at N.china/Japan range interested for trips ex NOPAC, or Australia could get USD 15.000per day.
As far as the Supramax market is concerned, Shiptrade mentioned that “in the Atlantic basin, rates improved with USG region keeping the league. Rates ex USG for trip to continent/East Mediterranean concluded close to USD 30.000 per day, while for trips to F.East fixtures reported at USD 35.000 per day. The Mediterranean/Bl.Sea market was a bit quiet, but rates increased as an effect of the increase in the USG. Grains/ferts/steels ex Bl.Sea to F.East remained at USD 25.000per day, while rates for trips to USG were between USD 7-9.000per day. We noticed many cargoes ex ECSA mostly to destination F.East, and rates USD 22-23.000 basis W.Africa deliver, or USD low/mid 20’s + 450-500.000 GBB basis APS. Rates for trips ex W.Africa via Brazil to Continent/Med concluded at USD 16.000per day.
Rates in the pacific region followed the trend, with many Owners preferring to cover their vessels for short period at rates between USD 15-15.500per day, rather than keeping them in the spot market. Those who preferred to remain on the spot market, were looking for cargoes ex Indonesia to direction India at levels around USD 15-16.000 basis S.China/S.E.Asia, or USD 12-13.000 basis delivery N.China/Japan. On the other hand, for the N.China positions, the cargoes ex Nopac remained an attractive solution at rates of USD 14 -15.000per day” concluded Shiptrade.
The recent dry freight market rally had been driven by firmer coal and iron exports from Australia and Brazil to China, which boosted the larger capesize market. Coal imports into Japan have also picked up. Manufacturing in Australia had been disrupted earlier this year by floods, while Japanese industrial raw materials import demand had been affected by an earthquake in March that crippled a nuclear plant and threw Japan's economy into disarray.
"We believe lower (iron ore) prices are supportive for price sensitive Chinese buyers and would keep imports at robust levels given the steel demand/price does not deteriorate materially," RS Platou Markets said, in a quote from Reuters. To this extent, Vale’s remarks that it would consider lowering iron ore prices, could very well signal some of the best news dry bulk ship owners have heard these past few weeks.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 15 December 11
DRY BULK RATES TO REMAIN AT CURRENT LEVELS FOR THE MOST PART IN THE COMING MONTHS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest research note, BIMCO said that the Capesize Time Charter Average will remain at USD 20,000-30,000 per day but the tonnage oversupply w ...
Wednesday, 14 December 11
MINER TOBA BARA SEJAHTRA PLANS IPO IN 1ST HALF OF 2012 - THE JAKARTA GLOBE
The Jakarta Globe reported that, Coal miner Toba Bara Sejahtra is aiming high next year, hoping to capitalize on renewed bullish sentiment in the lo ...
Wednesday, 14 December 11
TIMAH PLANS TO BOOST ITS COAL PRODUCTION TO TWO MILLION TONS PER ANNUM - SOURCES
COALspot.com - Timah plans to boost its coal production to two million tons per annum. The company also expects to acquire coal concession with mini ...
Wednesday, 14 December 11
BORNEO RESOURCE INVESTMENTS LTD. FINALIZES ACQUISITION OF INTEGRA PRIMA
COALspot.com - Borneo Resource Investments Ltd., announced that it has finalized the acquisition of an additional 1,300 hectare coal mining concessi ...
Tuesday, 13 December 11
BERAU COAL SCOUTS US$1.61 BIO SALES - INSIDER STORIES
Insider Stories reported that, coal mining company PT Berau Coal Energy Tbk (BRAU), that is 85% owned by London-listed company Bumi Plc, estimates a ...
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- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Minerals Council of Australia
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- The University of Queensland
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- ASAPP Information Group - India
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
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